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85-001400
<br />MORTGAGE
<br />MORTGAGE LOAN NO. L 24,325
<br />KNOW ALL MEN By THESF PRFSEN'I'S: That Kenneth R. Hodtwalker and Ruth L. Hodtwalker, each in his
<br />and her own right and as Spouse of each other, Mortgagor, whether one or more, in rwnsidetation of the harm of
<br />S� Tho(.lsand and no�100--------_ �_ �_------------------------- -- - - --
<br />loaned to said mart by The Equitable Building and limn Association of Grand Island, Nebraska, Mort ha of stock of
<br />said ASSOCIATION, Certificate No. 1. 24,325 , do hereby ' upon 300 shares of stock of
<br />described real estate, situated in Hall County, Nebraska: Y grant, convey and rtwrtgage unto the ASSOCIATION the followir�
<br />(!ra•
<br />Lot Twelve (12) , of Ross - Ashton Park Subdivision
<br />in the City of Grand Island, Hall County, Nebraska.
<br />trFtder with all the tenements, lereditaments and apptutenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, blinds, storm n
<br />windows, awnings, heating, air cdittoning, and plumbing and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators, and other tixtures and equipment now nr hereafter attached to or used in connection with said real estate.
<br />And whereas the Mid mortgagor has agreed and does hereby agree that the rmortgagor shall and will pay all taxes and a
<br />d upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent; to furnfsr approved
<br />insurance upon the buildings on said premtxs situated in the sum of 3 30 , 000.00 payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the Policies for said insurance; and not to commit or permit any waste on or about said premises;
<br />In case of default in the Performance of any ,it the terms and conditions of this nwrtgage or the bond secured hereby, the rnort roll,
<br />an demand, be entitled to immediate pw4swssaon of the rmrtgaged Premises and the mortgagor hereby assigns, trarrs(era and acts Duet to [tae
<br />acerb all the yenta, revenues and income to be derived from toe nwrigaged Premises during such time as the roort Indebtedness sal! remain
<br />Unpaid; and the rtwrtgagec sell beer the power to appoint any agent or agents a may desire for the Purpose of
<br />the saute and collecting the rents, revenues and income, and it may pay out of san} rncotte all expenses of repairing Premises and renting
<br />commusurms and expenses incurred in renting and managing the same and of collecinq rentals therefrom; the balance said ponconisco; and e r d tY be
<br />applied umspe the discharge of said nwaiver O mdebtedncss ;those rights ut the mortgagee may he exercised at any tftne during the existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, Iwwcver, are upon rile ('onditton. That if the said Mortgagor shall relay said loan on or before the maturity of raid altarea by
<br />Payment; pay monthly to said ASSOCIATION of the sum specified to the (hail secured hereby as interest and principal on said loan, on of before
<br />the Twentieth day of each and every month, until said Iron is fully Pant, pay all taxes anti levied against said pretiuses and out this Mort
<br />and the torus secured thereby, before dchnytency . lutmsi approved insurance up,in the butidurgs Ihereon m the sum of S
<br />to said ASS(1CIAft(9N; repay to sand ASSMIA FION to derreand a!1 rrwaey h n 30, 000,00 payable
<br />I maximum P y Paid for such taxes, assessments and insurimcc with interess at
<br />legal rate and con from date of Payment at tit whn:h mortgagor hereby agrees to Pay; Permit no waste on said with ado t}ts ecrrents evil conditions of tors &mil f<4rr :kapand atngrly
<br />with all the reoluueotents of the Constitution and Bylaws}® id AO ,SS ('IA HON; !(ten tl se presents Bait t ime null ASSOCIATION. � se they
<br />'ohall rcrttaln if' full force and may toe foreclosed at the option of the said ASSOCIATION after failure for three nwnths to matte any of said
<br />Payments 411 he three rrwnihs in :arrears on making sail monthly payments, or in keep and comply with the agreements and o n itions of axi Bond
<br />and Mart _ r agrees to Pave a recaver appointed forthwith tot such foreclosure ploccedings.
<br />secured If these is any change in ownership of tie real estate mortgaged herein, by sale or otherwise, flan tit¢ entire re
<br />1, at the opdkin of The I quotable Building and Loan Association of Grand Is arid, Nebraska ,eth become ' indebtedness
<br />further exot , the am mint rermsunng flue under said Mond, and any other twond for any additional advances made llnrer
<br />date and payable withmat
<br />bond. and Of cxan he said dfoa, hear irereresi at the maxrnum legal rate, and this trxrrt nay then be foreclosed to satisfy the t d� on imid
<br />k Nebraska any ertser lumxi for additional advances, together with all surm Pant by said The Fquitable Building and loan A !(Doti of Grand 1
<br />for ° a�. taxes and nos, and abstracting extension charges, with interest thereon, from date of
<br />WA
<br />raw payment at the njoaxum
<br />As truavotled to 9br Bead secured hereby, while 1}us nwr9 remains m effect file nwrt may hereafter advance additional strmss to the
<br />cis cif their x s ov succesarx n Interest, which sums shall he within file security of this mortgage
<br />scocuted
<br />thereby, the total Anwunt of prmrgaa} debt not to exceed at any time the origuial annunt of this nn it _ fie arte as the fir onone V
<br />f this . 22M day of March
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